This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $99,729 initial cash invested.
-14.42%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$2,420
Rent
-$1,198
Cashflow
Cash Flow
$2,420 income − $3,618 expenses = $1,198 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,729
Downpayment
20%
$94,980
Closing costs
1%
$4,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,420
Total Expenses
$3,618
Mortgage P&I
107%
$2,600
Property Taxes
1%
$23
Home Insurance
7%
$166
HOA
8%
$200
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0